Plan Snapshot
- Plan Sponsor: Whittier Employee Resources INC.
- Sponsor EIN: 262549460
- Sponsor Address: 25-35 RAILROAD SQUARE, HAVERHILL, MA, 01832
- Plan Type: 401(k)
- Total Participants: 1,498
- Total Assets: $36.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,498 | $36.9M | $775 | $3.1M |
| 2023 | 1,437 | $35.0M | $0 | $2.7M |
| 2022 | 1,326 | $30.7M | $73 | $2.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $107,616 | — | $107,616 |
| JP MORGAN | Investment Advisor | — | $64,596 | $64,596 |
| THE ANGELL PENSION GROUP, INC. | Recordkeeper | $750 | $34,094 | $34,844 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $207,056
- Estimated Expense Ratio: 0.561% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $111,569 | — | — | — | — |
| 2023 | $117,656 | — | — | — | — |
| 2022 | $104,078 | — | — | — | — |